5402 stories by Todd Shriber
Golden Entertainment Could Glitter with Regional Catalysts, Strat Renovation
Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) are enjoying a nice start to the week, residing higher by five percent in midday trading That's after an analyst raised his price target on the stock while noting investors may not be fully appreciating the...
Barstool Deal ‘Credit Positive’ For Penn National, but Don’t Bank on Ratings Upgrade Anytime Soon
Penn National Gaming (NASDAQ:PENN) said last week it's paying $163 million in cash and stock to purchase a 36 percent stake in the entertainment and sports media property Barstool Sports, a deal the gaming company hopes will serves as a springboard into...
MGM Resorts Stock Usually Isn’t a Winning February Bet
Historically speaking, February isn't a great time for stocks, as the S&P 500 averages a 0.30 percent decline in the second month of the year. MGM Resorts International (NYSE:MGM) is one of the individual names investors may want to steer clear of....
Coronavirus Outbreak Plagues Macau January Revenue, 11.3 Percent Drop Far Exceeds Analyst Estimates
As expected, the deadly coronavirus outbreak resulted in a brutal month for Macau operators, as January gross gaming revenue (GGR) on the peninsula plunged. The final tally on GGR was down 11.3 percent to $2.76 billion from $3.11 billion a year earlier,...
49ers Rush Defense Now Has $268,000 Riding on it as Biggest Super Bowl Prop Bet Hits
Sportsbook operators around the country are offering hundreds, and in at least one case, 1,000 prop bets on Super Bowl 54 this Sunday. One gambler in New Jersey is showing a lot of faith in the San Francisco 49ers rush defense. Earlier...
Illinois Gaming Board Awards Three Sports Betting Licenses, Eldorado, Penn National Among Winners
The Illinois Gaming Board (IGB) Thursday awarded three sports betting licenses, prompting speculation that some gaming companies there could be taking wagers in time for the NCAA Tournament, also known as March Madness. The recipients of the first three sports wagering permits...
IGT, Twin River Make Nice in Rhode Island, Will Create New Entity Dominating State Gaming Machines
After a months-long spat, International Game Technology (IGT) and Twin River Worldwide Holdings (TRWH) Inc. are teaming up in Rhode Island. They have announced a partnership that includes the creation of a new company aimed at keeping the Ocean State competitive with...
Yokohama Deputy Mayor Hirahara Sees Integrated Resort as Key to Lifting Tourism, Revenue
Yokohama Deputy Mayor Toshihide Hirahara said an integrated resort will drive new tourism to Japan's second-largest city and bolster tax revenue. The politician made those remarks at the 1st IR Expo in Yokohama on Wednesday. Hirahara's speech was briefly interrupted by an...
Adelson Calls Coronavirus Situation ‘Serious,’ Another Exec Says Offsetting Macau Visit Plunge Impact Will be Difficult
Las Vegas Sands (NYSE:LVS) reported fourth-quarter and full-year results after the close of US markets today. But the real story may have been comments from Chairman and CEO Sheldon Adelson and other executives on the coronavirus situation in Macau, the company's most...
Penn Barstool Deal Draws ‘Cautious Optimism’ From Analyst, Sees Deal Running Counter to Deleveraging Efforts
Shares of Penn National Gaming (NASDAQ:PENN) rallied to a 52-week high Wednesday. The surge of more than 12 percent came after the regional gaming company confirmed that it's paying $163 million in cash and stock to purchase a 36 percent chunk of...
